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AMD wouldn't be allowed to buy Intel because they would have total ownership over x86, it'd be bad for business and progress would inevitably stall. NVIDIA wouldn't be allowed to buy Intel either, they're already too huge of a corporation and they were barred from buying ARM Holdings because they would've become far too powerful in the industry to control at all.
Best case scenario would probably be Qualcomm.
Might depend on how those laws are interpreted. Are we saying that x86 is a legally distinct market category from other computer chips, or is the law blind to processing architecture? Apple jumped ship from x86 to A.R.M. and they're still a relevant segment of the desktop computer marketplace.
Plus why would Nvidia be barred from buying Intel? Nvidia doesn't make an x86 lineage chip as far as I know. Tegra is also A.R.M. based. Plus qualcomm makes A.R.M. based processors too, so I don't see why they'd be allowed if Nvidia is disbarred.
I mean I suppose, Intel has those Arc G.P.Us. but that's just a side-hustle for Intel and the market share is so scant that it seems almost like a non-factor. A.M.D. is their true competition.
So, there might be some special deal to allow Apple or Nvidia to buy Intel, as long as they will be producing chips in the US.
I'm not sure if the US government cares that much about x86 when ARM and RISC-V are gaining popularity. Nvidia is working on an ARM CPU, Apple is doing great with ARM, and Qualcomm is doing OK with ARM. Google has their own Axion CPU. The world could transition and survive if Intel failed and AMD stagnated x86.
Probably AMD too, considering the third quarter in the last year they barely had 5 billions in cash.
https://seekingalpha.com/news/4396120-intel-gains-amid-takeover-speculation
They have been dumping Billions buying gaming companies and creating
game development centers within Saudi Arabia. My guess is they would buy.